Union Bank of India Recurring Deposit Calculator
Calculate your RD returns with latest Union Bank rates
Highest RD Rate
7.05% p.a.
Best available rate by Union Bank across tenures
The Union Bank Recurring Deposit (RD) offers competitive recurring-deposit interest rates, with a minimum monthly deposit of just ₹100. Interest is compounded quarterly, and your maturity amount depends on the monthly installment and tenure you choose — use the calculator below to see your exact returns. TDS applicable if interest exceeds ₹40,000 per annum
Minimum amount varies by bank (typically ₹100 - ₹500)
Used to calculate actual tax on RD interest. Select 0% if income below ₹3L
Maturity Amount
Total Investment
₹60,000
Interest Earned
+₹885
Current Interest Rate
Union Bank General Rate
2.70%
per annum
Union Bank Recurring Deposit Calculator Results
Year-wise breakdown of your monthly investments and returns
Union Bank Recurring Deposit Interest Rates
Latest interest rates for different tenures
| Tenure | General Rate | General Maturity | Senior Citizen Rate | Senior Maturity |
|---|---|---|---|---|
| 7-14 days | 2.7% | ₹5,011 | 3.2% | ₹5,013 |
| 15-30 days | 2.8% | ₹5,012 | 3.3% | ₹5,014 |
| 31-45 days | 3% | ₹5,013 | 3.5% | ₹5,015 |
| 46-90 days | 4% | ₹15,100 | 4.5% | ₹15,113 |
| 91-120 days | 4.3% | ₹20,180 | 4.8% | ₹20,201 |
| 121-180 days | 4.75% | ₹30,418 | 5.25% | ₹30,463 |
| 181-270 days | 5.4% | ₹46,025 | 5.9% | ₹46,121 |
| 271-364 days | 5.6% | ₹61,852 | 6.1% | ₹62,020 |
| 1 year | 6.2% | ₹62,054 | 6.7% | ₹62,223 |
| > 1 Year to 399 days | 6.2% | ₹67,400 | 6.7% | ₹67,598 |
| 400 days | 6.25% | ₹67,420 | 6.75% | ₹67,618 |
| 401 Days to 443 days | 6.25% | ₹78,202 | 6.75% | ₹78,465 |
| 444 days | 6.5% | ₹78,334 | 7% | ₹78,597 |
| 445 days to 554 days | 6.15% | ₹94,512 | 6.65% | ₹94,890 |
| 555 days | 6.55% | ₹94,814 | 7.05% | ₹95,194 |
| 556 days to 996 days | 6.15% | ₹1,80,194 | 6.65% | ₹1,81,504 |
| 997 days | 6.1% | ₹1,80,063 | 6.6% | ₹1,81,372 |
| 998 Days to 3 year | 6.1% | ₹1,97,976 | 6.6% | ₹1,99,547 |
| > 3 Year to 10 year | 6% | ₹8,23,494 | 6.5% | ₹8,46,577 |
Important Notes
- Min monthly: ₹100
- Penalty: 1% on premature closure
- TDS applicable if annual interest exceeds ₹40,000
- 15 days grace period for missed installments
Key Benefits
- Disciplined monthly savings habit
- Higher rates than savings accounts
- Auto-debit facility available
- DICGC insurance up to ₹5,00,000
Tax & TDS on Union Bank Recurring Deposits
Understanding tax implications and deductions on your RD investments
Section 80C
Tax-saving RDs (5-year lock-in) qualify for deduction up to ₹1.5 lakh under Section 80C
Senior Citizens
Higher TDS exemption limit of ₹50,000 for citizens above 60 years
• Regular RDs don't qualify for Section 80C deduction
• Interest income is fully taxable as per income tax slab
• Form 15G/15H can be submitted to avoid TDS
• NSC and other alternatives also qualify for 80C
TDS Rate
10%
Exemption Limit
₹40,000
TDS Calculation
TDS is deducted at 10% if total interest from all RDs with Union Bank exceeds ₹40,000 in a financial year
TDS is calculated on maturity amount
No TDS on monthly installments
Form 26AS shows TDS deducted at maturity
Can be claimed as advance tax while filing ITR
₹5,000/month RD
At 6.55% for 3 years
₹21,222
Total Interest
TDS: ₹0
₹10,000/month RD
At 6.55% for 3 years
₹42,444
Total Interest
TDS: ₹244.4
₹25,000/month RD
At 6.55% for 3 years
₹1,06,110
Total Interest
TDS: ₹6,611
Union Bank Recurring Deposit FAQs
Everything you need to know about Union Bank Recurring Deposits, RD interest rates, and systematic savings planning
What is the minimum amount required for Union Bank RD?
What is the current highest RD rate offered by Union Bank?
Is the interest earned on Union Bank RD taxable?
Can I miss a monthly installment in Union Bank RD?
How is interest calculated on Union Bank RD?
What happens if I close my Union Bank RD before maturity?
Compare RD Rates Across Banks
Calculate Recurring Deposit returns with different banks and find the best rates
